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How much money should one invest in the crypto world to turn things around?
My answer is 10,000 RMB. I have a very good case around me. Initially, my friend was ready to invest 500,000 in the crypto world. He had never played in the crypto world before, so I told him to first put in 10,000 and see if he could double that principal.
He said that a principal of ten thousand can't turn around, I said that losses are calculated by percentage, not by amount. If you can't even double a fund of ten thousand.
It's even more impossible for you to have a principal of 50, because having a principal of 500,000 is psychologically more difficult for you.
Unfortunately, I didn't hear it. His 500,000 principal went to trade contracts, starting with a leverage of 5-10 times, and now his leverage is 20 times, with a remaining principal of 60,000🤣
How long is this cycle? It’s less than a month and a half.
Moreover, my friend is a very intelligent person in the real world.
So I've always been very opposed to friends coming into the crypto world; 10 out of 10 basically end up with a bad outcome.
The crypto world has never been a tool for class reversal, but rather a deadly weapon for class decline. First understand its evils and negatives, ensure survival, and then talk about making money and changing classes.